Question:
What is the main purpose of EXIM bank?
What is the main purpose of EXIM bank?
Updated On: June 02, 2025
- Finance Infrastructure
- Finance the Exports
- Finance agriculture
- Finance MSME
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The Correct Option is B
Solution and Explanation
EXIM Bank (Export-Import Bank of India) is primarily responsible for financing and facilitating foreign trade, specifically exports, in India. It provides financial assistance to exporters through various schemes such as providing loans for export activities, promoting international trade, and supporting the country’s foreign exchange earnings. EXIM Bank plays a critical role in the growth of India's exports by providing financial products tailored to the needs of exporters.
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